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For Companies At a Glance
- Tasks: Join a global team to optimise pricing and provide actuarial advice to corporate clients.
- Company: WTW, a leading firm in risk management and analytics with a diverse team.
- Benefits: Competitive salary, professional development, and opportunities for global collaboration.
- Why this job: Make a real impact by helping companies manage risks and enhance performance.
- Qualifications: Qualified actuary with pricing expertise and strong communication skills.
- Other info: Gain diverse experience across various industries and enjoy excellent career growth.
The predicted salary is between 36000 - 60000 £ per year.
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help our clients to sharpen their strategies, enhance organizational resilience, motivate their workforces and maximize performance.
Strategic Risk Consulting (SRC) is a part of the wider WTW Risk & Analytics division which provides an integrated approach to risk management in complex business environments. SRC is a diverse team with a global footprint and includes actuaries, engineers, natural catastrophe modelers and enterprise risk management specialists. SRC helps companies to identify, quantify and optimise their major risks, and to connect risk management decisions with corporate financial performance objectives.
The Role
We are looking for a qualified actuary from a pricing background to join this growing global team of over 100 risk consultants. This role will centre on two key areas:
- Support our growth in the provision of pricing optimisation and advice to corporate clients in the design and running of their affinity, extended warranty or loyalty schemes.
- Providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients.
Additionally, you will have the opportunity to gain experience across a wide variety of day-to-day work across our range of actuarial services (including captive capital and reserving) across all industries and geographies.
Core Activities
- Pricing: The key focus of this role will be to utilise personal lines pricing expertise (including GLMs and GBMs) to provide actuarial pricing models and advice to corporate clients around the design and pricing structure of their affinity, extended warranty and loyalty schemes.
- Risk Optimisation: The work we do is centred around improving our clients’ ability to manage risk. Whether that is through tailoring their risk transfer to the insurance market, detailing the optimum path to managing their non-insurable risks or just detailing the risks they face in the first place. A good candidate will be able to quickly pick up on our current solutions, articulate them in a clear way to our clients and work to deliver the best result in a collaborative manner.
- Capital and Reserving: In addition to the pricing work which is central to this role, the candidate will have the opportunity to broaden their experience by supporting our capital and reserving activities across a range of corporate and captive clients.
Pricing Actuary - Strategic Risk Consulting in London employer: WTW
Contact Detail:
WTW Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Strategic Risk Consulting in London
✨Tip Number 1
Network like a pro! Reach out to current employees at WTW on LinkedIn and ask about their experiences. A friendly chat can give you insider info and might even lead to a referral.
✨Tip Number 2
Prepare for the interview by brushing up on your pricing optimisation knowledge. Be ready to discuss how you can apply your skills in GLMs and GBMs to real-world scenarios that WTW faces.
✨Tip Number 3
Showcase your collaborative spirit! During interviews, highlight examples of how you've worked with diverse teams to tackle complex problems. WTW values teamwork, so let them see your team player side.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the WTW family.
We think you need these skills to ace Pricing Actuary - Strategic Risk Consulting in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Pricing Actuary role. Highlight your pricing expertise and any relevant projects you've worked on, especially those involving risk management or actuarial modelling.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit for our team at WTW. Don’t forget to mention your experience with affinity schemes or risk optimisation.
Showcase Your Analytical Skills: Since this role involves data-driven decision-making, be sure to highlight your analytical skills in both your CV and cover letter. Mention specific tools or methodologies you’ve used, like GLMs or GBMs, to demonstrate your technical prowess.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our global team of risk consultants!
How to prepare for a job interview at WTW
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your expertise in personal lines pricing. Brush up on your GLMs and GBMs, and be ready to discuss how you've applied these models in previous roles. Show them you can not only crunch the numbers but also explain your thought process clearly.
✨Understand Their Business
Do your homework on WTW and their Strategic Risk Consulting division. Familiarise yourself with their approach to risk management and how they help clients optimise their strategies. This will show that you're genuinely interested in the role and understand the company's mission.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving skills. Think about past experiences where you've had to identify and quantify risks or optimise pricing structures. Use the STAR method (Situation, Task, Action, Result) to structure your answers effectively.
✨Show Your Collaborative Spirit
This role involves working closely with a diverse team. Be prepared to discuss how you've collaborated with others in the past, especially in complex environments. Highlight your communication skills and your ability to articulate solutions clearly to clients and colleagues alike.
